US lumber price rise for the 7th consecutive week

US lumber price rise for the 7th consecutive week
    For the seventh consecutive week, US lumber prices are up.    Since bottoming out at $389 per thousand board feet in August, framing lumber in US is up 40% to $545. While that "cash" market price is still well below the lumber bubble's peak of $1,515 in May, it does put lumber prices back in the expensive territory: Prior to the pandemic, the price usually swung between $350 to $500.    "We expect prices to climb back into the $700s as demand continues [to return]," Scott Reaves, director ...

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